Just as well — for them — that ex-traders cannot be reached

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It is very convenient for the two former London-based JPMorgan Chase traders who are facing criminal charges for hiding hundreds of millions of dollars of losses that neither of them is in Britain right now.

Julien Grout is in his native France, and Javier Martín-Artajo, who is Spanish, is on holiday in an undisclosed location.

Their lawyers could not have planned it better. While rumours circulated that US investigators believed that the two were in London, possibly leading to a speedy process to extradite them under the UK’s controversial 2003 treaty, in fact they seem to be in countries where